With the low inventory still frustrating buyers in the Los Angeles area, let’s see what happened with Santa Monica real estate in April.
|Sold||+/- March||Active||Median||+/- March||New||+/- March||Pending||+/- March|
The number of new homes coming on the market in Santa Monica in April rose by 13 over March for both single family homes and condos. This is rather encouraging news. The median price of new single family homes is $2,172,500 and for condos, $1,062,000
The number of pending homes also increased significantly.
The number of sold homes was up modestly for single family and slightly down for condos.
One month does not a trend make, so let’s see what happens in May.
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